HD and Lowe's Companies Inc. LOW have been the giants of the home improvement retailer industry in the U. As of , the average Home Depot store has about , square feet of enclosed space and about 24, square feet of outdoor space for garden products. In , Home Depot operated 18 mechanized distribution centers in the U.
Despite being larger by market capitalization , The Home Depot, Inc. Virgin Islands, Guam, Canada, and Mexico. For most of its history, Home Depot has had the reputation of lagging behind its main rival in terms of supply-chain efficiency, relying primarily on a decentralized supply chain in which suppliers shipped products directly to Home Depot stores.
Although this decentralized approach did offer some advantages, it also had significant drawbacks, such as having to use large trucks to ship relatively small amounts of cargo. However, in Home Depot began a modernization program, including a transition to a centralized network of distribution centers. In Jan. The company hopes this new type of distribution center, called a Flatbed Distribution Center FDC , will speed up delivery of construction and building materials directly to the customer.
In , the company opened an ,square-foot FDC in Dallas and expects to open 40 more FDCs in its 40 largest markets in the coming years. In November , Lowe's reported the company would close 51 stores in the U. Management cited missteps in inventory control resulting in low same-store sales as the reason for the need to close stores and restructure its business model. Looking to improve profitability, the company announced a new leadership team focused on sales growth in its U.
This industrial aesthetic gives the impression that the store is geared toward home improvement professionals.
Employing a blue-and-white color scheme, they often feature more elaborate floor displays or themed products such as patio sets or holiday decor items. In referring to these customers, management from both companies distinguishes between two broad categories: retail and professional. Retail customers consist of two distinct types. Professional customers run the gamut from individual contractors to construction managers. Their needs require more complex services, such as the ability to have orders delivered directly to construction sites.
One major objective that both companies do share is the desire to cater to a customer base that is increasingly active online. Or, in the case of a professional customer, they may identify a product in-store and arrange to have it shipped to their worksite. Home Depot. Accessed March 21, Securities and Exchange Commission. Modern Materials Handling. Write your answer Related questions. What type of business does Home Depot have? What type of business is the Home Depot? How long has Home Depot been in business for?
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Where can one find a dolly for their business? What type of store would stock a brown envelope? Where online can I find home depot coupons? What type of grass is sold at Home Depot? What type of entity is Home Depot? Does Home Depot sell scratch and dent appliances? Does Home Depot offer good deals on kitchen paint? What is the thinnest type of wood you can get at Home Depot? Home Depot Coupons? Does Lowe's price match Home Depot coupon? The deal also will help Home Depot to increase business with larger contractors and other professional customers, who tend to get business from specialty suppliers.
The chart below illustrates how Home Depot reports the diversity of its management and workforce. This shows if Home Depot discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markers. The Home Depot. Accessed July 9, KHL Group. The Company Store. Interline Brands Inc. Accessed June 7, Pro Referral.
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